Mining companies to lose idle Mines.

President Emmerson has threatened to reclaim mining claims that are under utilised and parcel them to unemployed youths.

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President Emmerson has threatened to reclaim mining claims that are under utilised and parcel them to unemployed youths.
President Emmerson has threatened to reclaim mining claims that are under utilised and parcel them to unemployed youths.

President Emmerson has threatened to reclaim mining claims that are under utilised and parcel them to unemployed youths.
Addressing youths at the inaugural youth indaba Mnangagwa said so many companies had secured claims but they are not using them.

“The mining sector, we have now come to realise that most of the minerals have been pegged or claimed by companies but they are not using those claims at all.

“They have just registered the claims, you rarely can find free untagged or areas where there are no claims so to create opportunities for young generations coming into the market, we have introduced a policy of use it or use it.

“If there is a claim you do not use, you lose it to the state,” he said.

Mnangagwa said it does not matter if these companies are paying fees to keep the claims.

“Just yesterday in cabinet, we realised that we adequate pieces of legislation already in our statute box.
“We have big mining companies who own vast land, whether you are paying fees to keep the claims, we are saying no,” he said.

He said Government would assist young people who want to get into mining.

“Use it or lose it, so now we are doing this because we have discovered the need of many young people who have come together, who want to be assisted to do some mining projects and then they fail to secure claims because they have been secured 50, 60 or 100 years ago by mining conglomerates.

“We have a financial window in the Ministry of Mines supported by the People’s Republic of China where they have aqured equipment to support groups who register.

“We do not want people who go around mining without mining methods being used,” he said.